Mission Development net profit soars by 134.71% in Q4, EPS is Rs 24.44, 50% right shares in offing
Wed, Aug 12, 2015 12:00 AM on Others,
ShareSansar, August 12;
Butwal based Mission Development Bank (MIDBL) has posted a net profit of Rs 2.81 crore in Q4. The net profit of the development bank has doubled from Rs 1.19 crore in the corresponding quarter of the previous fiscal year.
According to the unaudited quarterly report for the fourth quarter published today, the development bank has stated that its operating profit rose to Rs 4.39 crore from Rs 1.89 crorein the corresponding quarter of the previous fiscal year.
The development bank net interest income reached to Rs 7.09 crore, up from Rs 4.12crore in the corresponding quarter.
It also mobilized Rs 1.36 arbain deposit and extended Rs 1.09 arbain loan as compared to Rs 1.22 arba in deposit and Rs 92.20 crore in loan in the corresponding quarter of the last fiscal year.
The EPS of the development bank stands at Rs 24.44 and CD ratio remains at 71.44%.
The last traded price of MIDBL stood Rs 179 in NEPSE.
The paid up capital of 1-3 districts geographical area category stands Rs 11.50 crores. The company had already applied to issue 50 percent right shares in SEBON of Rs 5.75 crores to increase its paid up capital to Rs 17.25 crores.
